Kornit Digital (KRNT) Receiving Favorable Media Coverage, Study Shows
Media headlines about Kornit Digital (NASDAQ:KRNT) have trended positive this week, according to AlphaOne Sentiment. AlphaOne, a division of Accern, scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.44 on AlphaOne’s scale. AlphaOne also assigned media stories about the industrial products company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
Shares of Kornit Digital (NASDAQ:KRNT) traded down 0.25% on Tuesday, reaching $19.75. The company’s stock had a trading volume of 225,753 shares. The stock has a market cap of $661.47 million, a PE ratio of 731.48 and a beta of 0.20. Kornit Digital has a 12-month low of $8.10 and a 12-month high of $20.15. The firm has a 50 day moving average price of $17.22 and a 200-day moving average price of $14.28.
Kornit Digital (NASDAQ:KRNT) last issued its earnings results on Tuesday, February 14th. The industrial products company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Kornit Digital had a return on equity of 5.14% and a net margin of 2.03%. The business earned $34 million during the quarter, compared to analysts’ expectations of $32.78 million. During the same period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. Equities research analysts expect that Kornit Digital will post $0.50 EPS for the current year.
Several equities research analysts recently commented on KRNT shares. Zacks Investment Research cut Kornit Digital from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 4th. Needham & Company LLC increased their price objective on Kornit Digital to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 12th. Barclays PLC increased their price objective on Kornit Digital from $16.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. William Blair reaffirmed an “outperform” rating on shares of Kornit Digital in a research report on Wednesday, February 15th. Finally, Stifel Nicolaus increased their price objective on Kornit Digital from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, February 15th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $19.80.
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About Kornit Digital
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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